CANON INC-SPONS ADR (CAJ) Stock Technical Analysis
NYSE:CAJ - New York Stock Exchange, Inc. - US1380063099 - ADR - Currency: USD
Taking everything into account, CAJ scores 1 out of 10 in our technical rating. CAJ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
CAJ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
When comparing the performance of all stocks over the past year, CAJ turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
CAJ is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 51% of 32 stocks in the same industry.
In the last month CAJ has a been trading in a tight range between 21.35 and 22.30.
Although the technical rating is bad, CAJ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.32, a Stop Loss order could be placed below this zone.
More info and screens
20.64
25.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.26 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.85 to 20.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.64 to 22.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.68 to 23.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.12 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CAJ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAJ is down. |
| ChartMill Relative Strength | 58.56 | NEUTRAL | CAJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.97 | NEUTRAL | The RSI value for CAJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CAJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.22 | NEUTRAL | The Stochastics value for CAJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for CAJ suggests low volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for CAJ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.63
-0.03 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.14%
1 Week-1.01%
2 Weeks-1.19%
1 Month-2.66%
3 Month-4.84%
6 Month-6.57%
12 Month-6.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.27%
ATR Inc-23.97%
Range Today0.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.56
Mansfield-0.76
10 Day High21.97
10 Day Low21.35
20 Day High22.3
20 Day Low21.35
52 Week High25.79
52 Week Low20.84
CS1 End21.32
CR1 Start21.64
Volume & EV
DER(3)0.81%
DER(5)0.34%
Volume933.90K
Volume Incr-10.49%
Vol(5)539.04K
Vol(50)481.88K